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According to the Collins English Dictionary 10th Edition fraud can be defined as: "deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage".[1] In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain
*As defined in Wikipedia

Friday, January 14, 2011

Sign of the Times

I hesitated posting this due to recent news but I think this is a sign of the times that the TBTFs should pay attention to. People are losing it. There will be more tragedies if the wheels of justice continue to fail the people and the thousands of cases of fraud continue to go unpunished.

The CEO of Alnbri Management, 20 year Wall Street veteran Vincent McCrudden, flips out and is arrested for threatening to kill ....well, just about everyone. Goldman Sachs is mentioned in there too.

Vincent McCrudden, CEO Of Alnbri Management, Arrested For Threatening To Kill Members Of SEC, FINRA And CFTC

Yet another person appears to have flipped out, and attracted the government's attention, this time luckily without any actual casualties. Curiously the target of the latest FBI arrest is not some insane gun toting troglodyte, but a 20 year Wall Street veteran: Vincent McCrudden of Alnbri Management. Presumably the reason for the arrest is that the commodities trader had threatened to kill 47 members of the SEC, CFTC and Finra in a post on his website.


Read the rest here


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